The Inventory at June 7, 2014 and the cost charged to Work in Process-- Departme

Question

The Inventory at June 7, 2014 and the cost charged to Work in Process-- Department B durring April for Haw Coampy are as Follows:

500 units, 60% completed $3,460

From Deparment A, 10,000 units 36,300

Direct Labor 7,960

Factory Overhead 12,500

During June, all direc materials are transferred from Dept. A, the units process at June 1 were completed, and of the 10,000 units entering the department, all competed except 1,200 units which were 25% competed as teh conversion costs. Inventories are costed by the FIFO method.

Prepare a cost of production report for June

Explanation / Answer

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